New figures released by the Bank of England have revealed a sharp drop in mortgage approvals in January.
The number of home loans approved for house purchases fell by 17 per cent in January compared with the last month of 2009, the Bank said.
Though the 48,198 approvals was the lowest number for eight months, it was still 43 per cent higher than a year earlier.
Finance experts have attributed the fall in mortgage lending to the end of the stamp duty holiday .
Adrian Coles, director general of the Building Societies Association, explained he had anticipated a surge "to beat the end of the stamp duty relief in December".
He added: "The adverse weather conditions experienced at the start of the year have further suppressed market activity."
Steve Morgan, chairman of Redrow, recently claimed there is little chance of the mortgage market making a complete recovery while banks remain cautious about lending .
Mortgage approvals fall sharply
Mortgage Quote Line
0845 108 0505
Mortgage approvals fall sharply
Tue, 02 Mar 2010
Recommended links
Mortgage deals comparisonMortgage repayment calculator
Mortgage quote form
Switching mortgage lenders
Current mortgage rates and offers
Compare tracker mortgage rates
Best fixed rate mortgages
Best remortgage rates
Browse first time buyer mortgages
Find a mortgage broker
Mortgage lenders directory
Buy to let mortgages
Types of equity release plans
Mortgage interest rates
Mortgage arrangement costs
Drop off in mortgage approvals during January
Two-year high for mortgage approvals, but 2009 low
Base rate decision meets with approval
Mortgage approvals increase
Rics welcomes rise in mortgage approvals
Mortgage approval rate hits two-year November high
Mortgage approvals hit highest level since 2008
UK mortgage approvals highest of the year
More mortgages approved for October
BSA sees mortgage approvals rise
18 month high for mortgage approvals
Mortgage approvals by banks continuing to rise
Mortgage approvals rise again
Future mortgage approval drops predicted
Mortgage approvals on the rise
Mortgage approvals at thirteen month high
Mortgage approvals increase
Approvals for mortgages climb
Mortgage approvals up in February
Mortgage approvals climb in march
Bank of England release mortgage approval data
Mortgage approvals signal slight change
Mortgage approvals hit new low
| mortgages news |
|---|
| BoE reveals fall in mortgage approvals - Fri, 30 Jul 2010 |
| Santander cuts fixed mortgage fees - Fri, 30 Jul 2010 |
| Homeowners encouraged to fix their mortgage - Thu, 29 Jul 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage